Payday Loans are an undeniable debt trap: they’re designed to send borrowers into a downward spiral of debt, and that debt can keep you living paycheck-to-paycheck. To combat this, the Consumer Financial Protection Bureau (CFPB) has proposed guidelines to make payday loans less awful.

It's common wisdom that it's usually not a good idea to loan a friend money, but sometimes it's just something you have to do. When that's the case, CNN recommends you provide a concrete deadline so you actually get that money back.

How many times have you lent a friend some cash for lunch or a movie only to never see it again? One of you—if not both—forgot and now it feels a little awkward to broach the subject. Here's how to get paid back easily and how you can prevent this problem in the future.